Behind the Scenes of Datadog's Latest Options Trends
Portfolio Pulse from Benzinga Insights
Datadog (NASDAQ:DDOG) has seen a balanced mix of bullish and bearish options trading, with significant investors targeting a price range of $110.0 to $155.0 over the next three months. The largest trades include both puts and calls with varying sentiments and strike prices. Datadog's current market performance shows a 2.48% increase in stock price to $126.59, with neutral RSI indicators. Analyst ratings over the past month suggest an average target price of $143.4, with ratings ranging from Neutral to Buy.
March 06, 2024 | 5:45 pm
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Datadog has experienced a balanced mix of bullish and bearish options trading, with a current stock price increase and neutral RSI indicators. Analysts have provided a range of target prices, suggesting a cautiously optimistic outlook.
The balanced options trading indicates a divided sentiment among investors, yet the stock's recent price increase and the range of analyst target prices suggest a potential for continued growth. The neutral RSI indicators imply that the stock is not currently overbought or oversold, supporting a stable outlook in the short term.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100